OPPOSITION MOUNTS TO PROVINCE'S RENT CONTROL BILL

May 11, 2017

By Andy Johnson

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A bill that proposes to protect Ontario tenants from skyrocketing rent increases is headed for 3rd reading and a final vote at the Ontario Legislature with critics saying the bill will be a detriment to creating more affordable rental units in the future.
At the moment, rental units built after 1991are exempt from rent control.
A spokesperson for the Advocacy Centre for Tenants in Ontario argues that the current law failed to deliver the 10,000 rental units a year needed to keep up with demand.  The average creation level of the past 20-years was about 3,200.
In addition, the Federation of Rental Housing Providers believes the new law will jeopardize some 20-thousand proposed rental units now on the books which was valued at about $6.5 billion dollars.
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